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Cavuto 2
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FOX Business
Dec 2, 2013 8:00pm EST
goal, created under president clinton in 1992 with cisneros. causing fannie and freddie to expand homeownership to just about anyone with a heart beat, with a driving force, they bought the mortgages off of the books of the banks, they prodded banks to sell mortgages to certain people with certain credit scores, they were a quasi public company, the government funded them, they were known as a government-sponsored enterprise. neil: and they had friends at the white house. >> and friends at the white house. neil: i can see if you absolve them from any punishment. but, to then have home get rewards? that is weird. >> that is the perverse part of this, this is a public relations game, obama administration has done this astutely equating j.p. morgan as the culprit for the financial crisis in this case, bank of america. neil: done the same institutions have a lot of other -- the source of this, liabilities. >> bank of america, clearly, was asked by federal government, prodded to buy countrywide, countrywide. neil: the source of subprime. >> here is why country wide sold them, they were
Search Results 0 to 1 of about 2 (some duplicates have been removed)